From StockTwits: 2025-04-02 23:32:00

President Trump announced reciprocal tariffs on China and Taiwan, with Apple stock falling over 7% in after-hours trading. Analysts predict a significant impact on Apple’s gross margin due to its reliance on China for manufacturing. Despite hopes for negotiations to lessen the impact, economist Larry Summers estimates $4 trillion in stock market losses. Retail sentiment towards Apple remains bearish, with some users suggesting an extended sell-off. Apple’s stock closed slightly higher on Wednesday but fell over 7% in extended trading, down more than 10% for the year. Stock hit an all-time intraday high of $260.10 on Dec. 24.



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